The Paperless Payroll

Eco-Office Gals

What Are Some Advantages of the Paperless Payroll? One of the biggest conundrums that, what we call the paperless payroll, would solve would be human error. Since everything, all calculations, tracking, clocking, changes, and other adjustments, would be made entirely in the digital, connected world, all reliance falls on the programming that constitutes the payroll application. The post The Paperless Payroll appeared first on Eco-Office Gals.

Steps Towards Error-free Payroll: The Complete Guide

Small Business CEO

It is needless to say that payroll management presents many challenges for many businesses. Well, with several HRIS solutions, organizations have been able to address payroll challenges more easily. However, payroll management can be impacted by various internal organizational factors.

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Using Scalable Payroll Systems For A Seamless Business

Small Business CEO

Scalable payroll solutions are the perfect option if you want your business to grow. You need a company that can help you create a payroll system that grows at the same rate, according to your needs. An agile and centralized payroll management system is key to scalability.

Eco-Friendly Payroll Options for Your Business

Eco-Office Gals

So if you’re currently scratching your head over how to deal with the issue of payroll, here are a couple of eco-friendly solutions you might want to try. You’ll either have to purchase computer software that allows you to complete such transactions or hire a payroll service to do it for you (or both). You might also consider issuing permanent payroll cards for any employees that wish to eschew direct deposit or that simply don’t have a bank account.

Why Integrating HR With Payroll is Beneficial for Your Small Business

Small Business CEO

Does your company currently use a standalone HRIS with separate payroll software? After all, both HR and payroll systems manage a lot of the same data, so why enter data twice when you can input it into a single shared database? Finance Human Resources hr department payroll

5 Subscription Services to Reduce Your Payroll Dramatically

Small Business CEO

Payroll is an area which can easily inflate if you haven’t taken the time to assess the role and necessity of each resource, and maybe you haven’t changed your business and employee contracts to reflect the reality your business now exists in. Finance Management payroll subscription services

Common Payroll Tax Pitfalls

Small Business CEO

If you have employees, then payroll taxes are one of the costs of doing business. The IRS is cracking down on businesses that don’t properly file or report their payroll taxes – and they are paying especially close attention to small businesses, which are the largest source of uncollected taxes. Even if it’s an honest mistake, the IRS could leverage huge penalties, audit your company, and even initiate a criminal investigation if you do your payroll taxes wrong.

Painless Payroll: 5 Top Tips on How to Streamline Your Payroll Process

Small Business CEO

Does the payroll process leave you feeling frustrated? If you’re not naturally a numbers person or don’t have payroll experience, the task can eat up lots of your work time. Payroll takes almost five hours per pay period for many small business owners.

Payroll Doesn’t Have to Be a Chore

Small Business CEO

Business owners may find that some of the more routine tasks they are required to undertake are also some of the more tedious, and payroll and wage administration can be one of those selfsame tasks. Nonetheless, the administration of payroll, even if the business is a one person operation, is essential from both a regulatory and legal perspective. It also makes sense to streamline payroll from an efficiency point of view.

Choosing the Right Payroll Programs for Small Business

Small Business CEO

Automating payroll processes promises saved time and increased efficiency, however, the process of switching may appear daunting, particularly if there is uncertainty about which payroll program is right for the organisation. Tips on how to choose the right payroll software solution : Examine the business needs. When choosing payroll software, consider the following factors: The size of the business. Time allocated to payroll functions.

Top 5 Tips for Small Business Payroll

The Small Business Blog

Top 5 Tips posts from the SME Blog are always full of hints and tips for small, home & micro business owners. Once you start employing people it is essential that you are aware of your obligations as an employer. In the UK, this means registering as an employer and submitting P35 and P14…

The Future of Payroll is Real Time Information

The Small Business Blog

Within the next year HMRC are planning on making vital changes to the way business undertake their payroll, so if you have employees you will need to know what these changes entail. The biggest expected changes within payroll will be the move to real time information, commonly known as RTI. Planning for change is never…

Small Business Payroll Taxes

Small Business CEO

There are several differences between running a small business versus a large corporation, but at the end of the day, payroll taxes are something that all business owners must pay close attention to in order to avoid problems with the IRS. To avoid this and keep your business afloat, you must manage your payroll taxes properly. If you are unable to pay your payroll taxes or are already delinquent, expect the IRS to use every weapon at their disposal to collect monies owed.

Take control of your finances with payroll software

The Small Business Blog

Running a business can prove challenging for a variety of different reasons. Whilst most business owners are experts at marketing their products, have a great vision and are highly competent with sales, sometimes they may struggle with the management of important financial details. Business owners sometimes lose track of where their money is going once…

HBR on Why Companies Need Digital Nomad Programs and Policies

Small Business Labs

The second reason is that having digital nomads on the payroll can leave firms open to a variety of regulatory and legal risks. firms have digital nomads on their payroll, whether they know it or not.

Are you getting paid as a 1099 Contractor?

Job Advice Blog

On March 23, 2010, In Interview Advice by Jeff LeFevre , By Jeff LeFevre 0 Today more and more companies are paying people as a private contractor to save on payroll taxes. Not only are these companies not paying for your payroll taxes they also are trying to avoid paying for your unemployment when you go to collect.

2010 116

Top Gifts You Can Give Your Remote Team for the Holidays

Bonnie Low-Krayman

So, with the holiday season just right around the corner, employers and managers can make full use of this occasion to show employees that they are more than just names and numbers on a payroll sheet. By Ruby Swift & Bonnie Low-Kramen | November 30, 2020.

2020 52

7 Notable Accounting Skills

Small Business CEO

They can prepare payroll and keep track of time reports. Accountants are highly trained workers. They possess a vast array of skills. Check out this list of seven notable accounting skills. Administrating. Accountants can manage the personnel within a company.

U.S. Census Pulse Survey Finds Small Businesses Getting Slammed

Small Business Labs

of small businesses applied for loans from the Payroll Protection Program (PPP).  The U.S. Census has created a Small Business Pulse survey to track and measure how small businesses are faring during the COVID-19 pandemic.

2020 166

Safely Grow Your Business By Utilizing Outsourcing Smartly

Small Business CEO

And when you’re in the process of hiring and outsourcing to contract workers, knowing all the tax liabilities and other payroll demands, especially for an international workforce, can be a challenge.…

2021 87

The Stimulus Programs Gig Workers and Freelancers Qualify For

Small Business Labs

The Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses.    If all employees are kept on the payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities.

2020 132

MBO Partners 10 Future of Work Predictions for 2021

Small Business Labs

Last week MBO Partners released their annual future of work predictions for the coming year. 

2021 176

Why are Manual Timesheets a Waste of Time?

Small Business CEO

One of the major problems of making wrong time entries is that it affects the payroll as well. Timesheets are the data table that measures how much time an employee spent on his work. People say Timesheets don’t help them track the exact working hours.

2021 83

Moxie Tip 305: VAs Are Not a Cheap Way to Get Stuff Done!

Virtual Moxie

But for clients, working with VAs is cost effective for all the reasons we know so well (100% productive time, no need to pay for equipment, space, payroll, conforming to Federal mandates, etc, and the fact that most VAs will never work for any one client the number of hours an employee would).

2013 139

US: Job Creation Soars in April

The Small Business Blog

Good news for our North American readers today as the latest US nonfarm payrolls – the compiled name for all goods-producing, construction and manufacturing companies – revealed that 165,000 new jobs were created last month. That’s 20,000 more than expected by economists and means that unemployment in the US is now 7.5%, the lowest level… Read the full article here: US: Job Creation Soars in April on: THE SMALL BUSINESS BLOG.

2013 139

Fiverr Buys And Co; ADP Buys Work Market; Expect More Gig Economy Acquisitions

Small Business Labs

Also last week payroll giant  ADP announced they were acquiring WorkMarket.    ADP manages the payrolling process for about 1 out of every 6 American employees. There were several interesting recent acquisitions in the gig economy space. Last week the online talent marketplace Fiverr announced they had acquired AND CO , a provider of financial and client management software for freelancers. 

2018 129

The Rise of Career Nomadism

Small Business Labs

For an increasing number of workers, it’s not simply a matter of having a traditional payroll job or working independently.  Korn Ferry is a large, global organizational consulting and recruiting firm.

2020 130

How To Pick The Best Employee Time Clock App For Your Business?

Small Business CEO

They help reduce manual and error-prone data entry to improve payroll accuracy so that employees get paid for the exact hours they clocked in.… The current pandemic has changed the way organizations work in unexpected ways.

2020 69

Paycheck Protection Program Loans Now Available for Independent Workers

Small Business Labs

  The loans allow independent workers to access to up to $10,000 in forgivable loans to cover payroll or wages they pay themselves over the eight weeks following the signing date. Starting today, April 10th, independent workers (self-employed, freelancers, independent contractors, etc.) can apply for Paycheck Protection Loans (PPP), which are part of the federal CARES Act stimulus package. 

2020 110

U.S. Non-Profit Sector: Big, Growing and Mostly Comprised of Small Non-Profits

Small Business Labs

As the Johns Hopkins chart below (click to enlarge) shows, the non-profit sector also has the 3rd largest payroll of the major employment sectors. The Johns Hopkins Non-Profit Economic Data Project recently released new data on the the non-profit sector of the economy. The data is for 2016 (the most recent available) and was developed in conjunction with the U.S. BLS ( click here to go the BLS's non-profit data landing page ). 

2018 128

Small Businesses Hiring More Independent Workers

Small Business Labs

New Geography's 1099 Economy on the Rise features data from Zen Payrol l showing: "the ratio of independent contractors to full-time employees has meaningfully risen among small and medium-sized businesses in states and major metropolitan areas across the country."

2014 163

How Personnel Costs Impact Your Bottom Line

Small Business CEO

Roughly 70% of most municipal budgets is used for personnel expenses, such as payroll and benefits. Whether you are a business operating in the private sector, or a municipality, personnel costs has a huge impact on your bottom line. This is not far off from the expenses incurred in the private sector for personnel and their related expense. Private companies report that 40% – 80% of their operating budget is absorbed in personnel overhead.

2016 76

6 Creative Ways to Solve a Problem

Success

Filing taxes, meeting payroll, and ordering inventory are valid reasons to miss a little sleep if they all hit at once. Creative problem-solving strategies separate forward-moving solutions from quick fixes.

2021 113

Intuit Tweet Chat Today on the She-conomy

Small Business Labs

The chat panelists are: Stacy Kildal: Owner of Kildal Services , a full service bookeeping, payroll and administrative service company. Intuit is hosting a Tweet Chat today at 1:00pm Eastern, 10:00am Pacific on the She-conomy. The Tweet Chat will focus on financial and small business tips and advice for women.    The Twitter hashtag for the event is: #More$$inPurse.

2010 100

VAs.a Cheap Way to Get Stuff Done?

Virtual Moxie

But working with VAs is cost effective for all the reasons we know so well (100% productive time, no need to pay for equipment, space, payroll, conforming to Federal mandates, etc, and the fact that MOST VAs will never work for any one client the number of hours an employee would). It's been an interesting week. I've heard from three different Virtual Assistants that they've been contacted by potential clients who were told that working with VAs was the "cheap" way to get their work done.

2012 167

Technology of the week: Expensify

Practically Perfect PA

Integration with user’s current accounting and payroll systems are available. What is Expensify? Expensify’s moto is “Expense reports that don’t suck!” ” Founded back in 2008 Expensify have a number of features that make processing expenses easier. What does it do? There are a few different elements that make up the Expensify website, here are just a few features.

2014 154

3 Smart Money Moves to Make Before Starting a Business

Success

Because business growth requires capital to support payroll, accounts receivable, inventory and more, it’s a good idea to establish forecasting models.

2021 109

Use Specialists and Technology for Best Business Structure

Small Business CEO

As managers see more highly effective, easy to use human resources software coming on to the market, some are taking the opinion that it is now more cost-effective and productive to outsource or automate personnel-related tasks, such as the administration of payroll.… Businesses in America are becoming increasingly aware that combining the latest in technology with in-house human resources staff is the key to maintaining all-round success.

2014 75

4 Ways for Startup Trucking Companies to Reduce Costs

Small Business CEO

On top of that, the trucker’s ongoing requirement to maintain equipment, buy fuel and do payroll can sometimes leave the short-term fiscal strength of a company in a precarious state. Many entrepreneurs are starting to see the value of operating a business within the industry of truck driving. However, startup companies suffer from high failure rates, and new establishments survive on thin profit margins.

2018 43

4 Reasons You Should Consider Outsourcing HR

Small Business CEO

They may outsource everything from recruitment of hard to find experts to everything in the HR department from hiring to payroll to regulatory compliance. Human resource management is an essential function for any business. They are the ones who find, train and support the team that keeps the business running. Yet it is a function that many businesses choose to outsource.

2019 49

6 Ways to Spend Your Business Loans

Small Business CEO

Business loans can help in every facet of your business from inventory to payroll and even helping your business with its prior debt. Before searching for lenders for your business loan, you need to first understand what you will use this money on. While a large cash lump sum may seem like just what your business needs, you need to approach your loan with caution. Without a proper plan on how you will use these funds you could suffer from irresponsible or even accidental overspending.

2018 56

How On-Demand Workers Are Helping Businesses Grow in an Uncertain Economy

Worxbee

To begin with, an on-demand worker gives you the opportunity to have your staffing needs met without having to add someone to your payroll, or to meet a contractual hours requirement. Businesses can get access to highly skilled workers without having to add them onto the payroll.

2021 52

Does an In-House IT Team Make Sense for Your Business?

Small Business CEO

Even if your core business doesn’t involve a desk, there’s almost always a team of people backing up your efforts – sales, marketing, accounting, payroll – and so on. For most companies, IT underpins everything. The trouble with IT is that it doesn’t really do a good job of looking after itself.

2019 48